Weak Peso Means Strong Business for Payment Providers

Dollars are flowing into Mexico at their fastest rate in a decade

Cross-border payment providers are proving resilient despite increased trade tensions between the U.S. and Mexico.

Money transfers into Mexico from individuals outside the country surged after the U.S. election, highlighting the challenge that the Trump administration might face if it seeks to curb such money flows. The payments, typically by people working in a country away from their families, are known as remittances.